Elon Musk and Twitter at Odds Over Terms of Agreement to Close Deal

Representatives of Elon Musk and Twitter Inc. are still grappling with terms of an agreement that would enable the purchase of the social-media company to proceed, continuing a monthslong drama surrounding the fate of the blockbuster deal. The discussions are the latest the two sides have held as a courtroom clash draws nearer. They quietly … Read more

Target’s Profit Sinks as Retailer Unloads Unwanted Inventory

A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response to an oversupply problem haunting retailers from Walmart Inc. to the parent of T.J. Maxx. Target’s operating margin declined to 1.2% in the quarter ended July 30, the company said in its quarterly earnings report … Read more

Walmart Lays Off Hundreds of Corporate Workers

Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate … Read more

Twitter Reports Surprising Drop in Revenue Amid Elon Musk Fight

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Dow Jumps 750 Points as Investors Take Hope From Earnings Reports

U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones … Read more

Stock Market Rises After Weekly Loss

U.S. stocks rose, retreating from morning highs, as investors sifted through data and comments about the jobs market and inflation. The S&P 500 climbed 0.4% in afternoon trading, while the Dow Jones Industrial Average rose 0.1%. The technology-focused Nasdaq Composite Index was 0.4% higher. The three indexes were higher in the morning, with the Nasdaq … Read more

Russian Forces Expand Donbas Assault, Take Heavy Losses

KYIV, Ukraine—Russian forces were pushing to encircle two cities in eastern Ukraine on Wednesday, part of an all-out assault to take control of the Donbas area, which is making progress but at a cost for Moscow. Fighting was centered around two cities on either side of the Siverskyi Donets River, Severodonetsk and Lysychansk. The two … Read more

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 a.m. Central European time. Stocks in the Nordic region were hit the … Read more